- 2 - $8,411 and $1,682, respectively. The issues remaining for decision for the year at issue are: (1) Do petitioners have certain compensation income with respect to the exercise of certain stock options granted under an employee stock purchase plan? We hold that they do. (2) Do petitioners have certain claimed long-term capital losses? We hold that they do not. (3) Do petitioners have certain interest income from the United States Department of the Treasury? We hold that they do. (4) Do petitioners have certain income from the sale of certain stock? We hold that they do. (5) Did petitioners fail to include in the total interest income reported in their tax return certain interest from Wash- ington Savings Bank? We hold that they did not. FINDINGS OF FACT Some of the facts have been stipulated and are so found. At the time petitioners filed the petition in this case, they resided in Bowie, Maryland. During 2002, petitioner Young J. Kim (Ms. Kim) was employed by Fannie Mae as a systems analyst. At a time not disclosed by the record before January 17, 2002, Fannie Mae granted Ms. Kim certain options to buy Fannie Mae stock under an employee stock purchase plan (Fannie Mae ESPP). Each option under that plan had an exercise price of $66 per share.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
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